Americas Technology Acquisition Corp. (NYSEARCA:ATA) experienced a significant milestone on Monday as its shares crossed above the 200-day moving average during trading. The stock reached a high of $10.59, which is also its 200-day moving average. The shares last traded at $10.59 with a volume of 200 shares.
The company’s 50-day moving average is also $10.59, the same as its 200-day moving average. Recent institutional trading activity saw Glazer Capital LLC increase its stake in Americas Technology Acquisition Corp. by an impressive 458.1% in the first quarter. The firm now owns 649,087 shares of the company’s stock, representing about 4.48% of the company’s worth at $6,673,000.
Americas Technology Acquisition Corp. does not have any significant operations itself but aims to acquire assets and businesses in the technology, media, and telecommunications sector through mergers, share exchanges or other similar transactions. The company was founded in 2020 and is headquartered in Dallas, Texas
